The global market size of high-performance insulation materials market was USD 5.79 Billion in 2015 and is estimated to reach USD 10.93 Billion by 2021, at a CAGR of 11.2% between 2016 and 2021. In this report, 2015 is considered as the base year and the forecast period is between 2016 and 2021.

The Objectives of this study are:

To analyze and forecast the market size of high-performance insulation materials market, in terms of value and volume

To define, describe, and segment the global high-performance insulation materials market by material type and applications

To forecast the sizes of the market segments based on regions such as Asia-Pacific, North America, Europe, South America, and the Middle East & Africa.

To provide detailed information regarding the important factors influencing the growth of the market (drivers, restraints, and opportunities)

To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market

This research study involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg BusinessWeek, and Factiva) to identify and collect information useful for this technical, market-oriented, and commercial study of the high-performance insulation materials market. The primary sources mainly include several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industrys supply chain. The total market has been split into several segments and sub-segments. The figure below illustrates the breakdown of the primary interviews based on company type, designation, and region conducted during the research study.

The value chain for the market consists of various stages; raw material procurement and manufacturing/production are the two stages which accounts for the maximum value addition. For aerogels and ceramic fibers; silica, transition oxides, and alumina are the major raw materials used. Aerogel producers such as Aspen Aerogels Inc. (U.S.), Cabot Corporation (U.S.), and Aerogel Technologies LLC (U.S.) conduct extensive R&D to develop a distinct manufacturing process, pilot study of the product, and commercialize the product. The key players such as Aspen and Cabot have patent protection for their manufacturing configuration and products. In view of this, it is important for emerging companies to develop a distinctive method to manufacture aerogel materials. Companies have to be continuously involved in R&D to develop innovative manufacturing processes and products.

Target Audience:

High-performance insulation materials manufacturers

High-performance insulation materials dealers

High-performance insulation materials suppliers

End users, raw material suppliers, and others

Scope of the Report

This report categorizes the global high-performance insulation materials market on the basis of material type, application, and region.

Market Segmentation, by Material Type:

The high-performance insulation materials market has been segmented based on material type:

Ceramic Fibers

Aerogels

Others (Glass Bubble, EPS, XPS)

Market Segmentation, by Application:

The high-performance insulation materials market has been segmented based on application:

Oil & gas

Industrial

Construction, Transportation and Power Generation

Others (Automotive, Paints & Coatings)

Market Segmentation, by Region:

The regional analysis covers:

Asia-Pacific

North America

Europe

South America

Middle East & Africa

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the companys specific needs. The following customization options are available for the report:

Product Analysis

Product Matrix that gives a detailed comparison of product portfolio of each company

The high-performance insulation materials market is projected to reach USD 10.93 Billion by 2021, registering a CAGR of 11.2% between 2016 and 2021. The market is driven by the increased demand form the end-use applications such as oil & gas, industrial, construction, transportation, and paints & coatings, among others. Asia-Pacific region, with its growing economy and rapidly expanding commercial and industrial base is projected to experience the highest growth in the high-performance insulation materials market between 2016 and 2021.

The high-performance insulation materials market is segmented on the basis of material type, application, and region. On the basis of material type, it is segmented as aerogel, ceramic fiber, and others.

The aerogel segment is projected to be the fastest-growing high-performance insulation material type between 2016 and 2021, in terms of volume. The high growth for this segment is attributed to its superior thermal resistance properties, water repellent characteristics, light-weight, and tensile strength.

The high-performance insulation materials market segmented on the basis of application as, oil & gas; industrial; construction, transportation and power generation; and others. The oil & gas segment is the largest market for high-performance insulation materials due to growing demand for advanced insulation materials, especially, for subsea pipelines applications. This dominance is expected to continue during the forecast period due to increasing demand of advanced insulation materials and capability of this segment to absorb the high cost of insulation materials. Unique properties such as superlative thermal resistance, enhanced acoustic insulation, lightweight, reduced thickness, and fire & water resistance are required for usage in the oil & gas sector.

The Asia-Pacific market is projected to register the highest growth in the global high-performance insulation materials market between 2016 and 2021. The high-performance insulation materials market in Europe and North America is consolidated, whereas, the market in Asia-Pacific has a fragmented structure. High-performance insulation materials manufacturers are significantly expanding their production capacities in China, Japan, and South Korea.

The major restraints in the high-performance insulation materials market are high production cost of aerogels and carcinogenic nature of ceramic fibers. Expansion and new product launch are the most preferred strategies adopted by the key market players to sustain in this highly competitive market. Major opportunities in the market are growing applications of aerogels in day-lighting segment and others. The company profiled in this report includes Aspen Aerogels Inc. (U.S.), Cabot Corporation (U.S.), 3M Company (U.S.), Aerogel Technologies LLC (U.S.), Nano High-Tech Co. Ltd. (China), Morgan Thermal Ceramics (U.K.), and Unifrax Corporation (U.S.), among others.

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